Understanding Change in Youth Labour Markets: A Conceptual Framework

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Abstract
The objectives of this paper are to sketch out the direction in which youth labour markets are moving in the 1990s. It attempts to provide a framework which will help understand how the underlying processes of change in the mode of production associated with the growth of multi‐national companies (MNCs) are affecting youth labour markets in all industrial societies. However, these changes do not have a uniform impact on youth labour markets. In some instances they impact directly on national employing organisations in other instances they are mediated through emerging regional trading blocs and national institutions. The most important of these national institutions are: the orientations of political elites and business elites; the form of labour market organisation and the characteristics of the national education and training system. The purpose of such a conceptual framework is to locate the study of the transition in the context of contemporary debates on the transformation of capitalist societies.

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